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Historic Moment: BSE all listed firms' m-cap hits Rs 400 lakh crore for first time ever

Sentiment Analysis:

Published: 08 Apr 2024 11:14

Historic Moment: BSE all listed firms' m-cap hits Rs 400 lakh crore for first time ever

The market capitalisation of BSE all listed companies crossed Rs 400 lakh crore for the first time to hit a lifetime high on 8 April 2024, with continued rally in blue-chip, mid-cap and small-cap indices.

BSE achieved a market capitalization of Rs 100 lakh crore first time in March 2014, followed by Rs 200 lakh crore in February 2021. It reached Rs 300 lakh crore in July 2023, and now Rs 400 lakh crore just nine months later.

Since April 2023, BSE listed firms collectively gained Rs 145 trillion in market capitalisation, marking a 57% surge. This growth was fueled by improved high-frequency indicators, strong corporate earnings, positive investor sentiment due to stable policies, and significant domestic and international inflows. Mid and Small Cap indices saw a surge of 60% and 63% respectively, outpacing the 28.6% rise in the Largecap Sensex index. Leading sectors include Realty, PSU banks, Auto, Energy, Infra, and Pharma.

mcap 7 apr
Moneycontrol


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